NATIONAL HIGHWAY AUTHORITY OF INDIA

restaurants and restrooms at or near the highways vested in or entrusted to it. maintain and manage the National Highways. 1989 under Section 3 (1) of the National Highways Authority of India Act. to regulate and control the plying of vehicles.HISTORY ‡ National Highways Authority of India was constituted on 15th June. 1988 (Act). to construct offices or workshops. to establish and maintain hotels. ‡ . develop. ‡ To develop and provide consultancy and construction services and to collect fees for services or benefits rendered in accordance with Section 16 of the NHAI Act. ‡ To survey.

the North-South & East-West corridor (NSEW) and the High Density Traffic stretches under BOT. NHAI is implementing Phase-I. maintenance and management. Road Transport 7 Highways. ‡ As per NHAI Act. which includes the golden Quadrilateral (GQ). . ‡ Development Project (NHDP) covering around 24.000 km.‡ NHAI is an autonomous organization of govt. certain stretches of National Highways have been entrusted to NHAI by the Government for development. 1988. Currently. of India under the Ministry of shipping. Phase ±II and Phase-III of the National Highways.

on the last day of each month to applicants whose applications have been received and monies realized and credited in NHAI¶s New Delhi account till that date. The deemed date of allotment does not mean that Bonds have been issued or will be issued.PROCESS OF ISSUANCE ‡ ‡ 1. The last day of each moth shall be taken as the Deemed Date of Allotment for that set of Bonds. The allotment will be made on first come first serve basis. ALLOTMENT OF BONDS NHAI will make allotment of Bonds once a month. The issue of the Bonds would be subject to the satisfaction of NHAI upon scrutiny of applications. The deemed date only signify that if the Bonds are actually allotted then benefits will be effected from this deemed date. i.e. ‡ ‡ ‡ ‡ ‡ . All benefits available to the subscribers shall be from the Deemed Date of Allotment.

the NHAI will issue the Bond Certificates (in case of Physical option) or Bonds shall be credited to the depository account if marked by the Applicant (in case of Demat option) within 3 months from the Deemed Date of Allotment of such extended period as may be decided by NHAI. the accompanying documents and on realization of the application money.‡ The deemed date only signify that if the Bonds are actually allotted then benefits will be effected from this deemed date. ‡ 2. Subject to the completion of all legal formalities. ‡ . LETTER OF ALLOTMENT AND BOND (S) CERTIFICATE ‡ NHAI will make allotment to the Subscribers in due course after due verification of the Applications. The allotment will be made on first come first serve basis.

LISTING ‡ The Bonds are issued for a period of 3 years and shall be non-transferable. ‡ 4. The instrument hence will not be listed. and in multiple of one Bond thereafter. . ‡ The application can be made for maximum 500 Bonds. NUMBER OF BONDS ‡ The application must be made for a minimum of five Bonds.‡ 3.

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